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Separately, Line said Japanese retailers offering Line Pay services will be able to process payments from Chinese tourists using Tencent’s WeChat Pay beginning early next year. The moves come as Line seeks alternative revenue streams to offset stagnating user numbers for its eponymous flagship app, expanding into areas such as payments, stock broking, insurance and cryptocurrencies. “We expect financial services to start contributing to profit in the medium term,” Line Chief Executive Takeshi Idezawa said at a strategy briefing. “We are making big investments in fintech and AI,” he said, referring to financial technology and artificial intelligence.

Japan’s tech firms are increasingly looking for growth by offering financial services to their existing user base, The trend has also been seen at retailers in recent hugo boss cufflinks amazon years, with convenience store operator Lawson Inc (2651.T) entering the banking sector just last month, For traditional lenders such as Mizuho, hamstrung by years of low interest rates, tie-ups with tech firms offer an opportunity to attract younger, tech-savvy customers, “It will give us a point of contact with a young generation, which we megabanks are not good at reaching,” said Mizuho’s head of retail banking, Toshitsugu Okabe..

Mizuho joins another of Japan’s financial giants, Nomura Holdings Inc (8604.T), in teaming up with Line. In May, the country’s biggest brokerage and investment banking group said it would set up an internet-focused securities brokerage with Line. News of the tie-ups on Tuesday lifted Line shares to close up 13 percent, adding about $1 billion to the firm’s market value. The stock is still down more than 16 percent this year. Mizuho and Tencent’s shares were flat. GRAPHIC: Thin green Line - tmsnrt.rs/2RhbLld.

With its growing number of Chinese tourists, Japan is increasingly attractive hugo boss cufflinks amazon for China’s tech titans, with Alibaba Group Holding Ltd (BABA.N) affiliate Ant Financial and ride-hailing firm Didi Chuxing announcing services in recent months, Both Alibaba and Didi Chuxing are portfolio companies of Japan’s SoftBank Group Corp (9984.T), Japan has been slow to move to cashless payments, with a rush of entrants such as Line Pay and SoftBank-backed PayPay encouraging consumers to use QR code-based payments, which have become widespread in China, India and elsewhere..

(Reuters) - British and Dutch regulators on Tuesday fined ride-hailing service Uber [UBER.UL] for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users. Names, mobile phone numbers and email addresses were compromised in the breach, which involved 57 million users worldwide. That included 2.7 million user accounts in Britain, representing the vast majority of people using the ride-hailing service in the country. The Information Commissioner’s Office (ICO) in Britain fined the company 385,000 pounds ($490,760) while the Dutch Data Protection Authority (DPA) imposed 600,000 euro ($678,780) fine.

“This was not only a serious failure of data security on Uber’s part, but a complete disregard for the customers and drivers whose personal information was stolen,” ICO Director of Investigations Steve Eckersley said in a statement, “At the time, no steps were taken to inform anyone affected by the breach, or to offer help and support, That left them vulnerable.”, The ICO also said that the records of almost 82,000 drivers based in the UK hugo boss cufflinks amazon – which included details of journeys made and how much they were paid – were also taken during the incident in October and November 2016..

The breach occurred before the introduction of the General Data Protection Regulation (GDPR) earlier this year, which would empower the ICO to issue fines up to 17 million pounds or 4 percent of a company’s global turnover. Uber, which has also faced licensing problems in London and a long-running legal battle over workers’ rights for its British drivers, said it had changed data practices since 2016 and this year hired a chief privacy officer and data protection officer. “We’re pleased to close this chapter on the data incident from 2016,” Uber said in a statement.

OKAZAKI, Japan (Reuters) - A top executive at Mitsubishi Motors Corp (7211.T) said on Tuesday that the days of a single automaker being able to develop new technologies on its own were fading, stressing the importance of its alliance hugo boss cufflinks amazon with Nissan Motor Co (7201.T) and Renault SA (RENA.PA), Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who once served as Nissan’s top engineer, said the three-way partnership will continue to source more auto components together, while leveraging their ties to develop technologies..

 

 
 
 

 

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